Author Archives: the HedgeCo News Team
SEC joins probe, asks funds for documents
NEW YORK — Anxious not to be left behind, the Securities and Exchange Commission moved quickly Thursday to join the growing investigation into a mutual fund trading scandal. SEC enforcement chief Stephen Cutler said the commission was requesting documents from […]
Anatomy of a tricky trading scheme
NEW YORK — If it weren’t against the law, a trading scheme that prosecutors say enriched a hedge fund firm and exposed the seamy side of the mutual fund business would be considered a can’t-missinvestment strategy. In its early stages, […]
Little-known firm may have helped bend rules
A little-known company called Security Trust Co. is caught in the escalating investigation into the questionable business practices of the mutual fund industry. What remains to be seen is whether the Phoenix-based company merely provided the computerized tools hedge funds […]
Securities and Exchange Commission Takes Action on Mutual Fund Trading Times
Sep. 5–The Securities and Exchange Commission took immediate and sweeping action yesterday to ensure mutual funds and investment banks don’t engage in fraudulent after-hours trading. Just a day after state Attorney General Eliot Spitzer announced a $40 million settlement with […]
Chicago Tribune Bill Barnhart Column
Sep. 5–FUND FAVORITISM MAY BE NEXT FEAR: Despite the summer rally in stocks, Wall Street continues to be plagued by what is known in presidential politics as the character issue. Charges by New York Atty. Gen. Eliot Spitzer that mutual […]
Bank of America Officials Call Canary Capital Relationship ‘Controversial’
Sep. 5–Within months of striking a deal to work with Canary Capital Partners LLC, Bank of America Corp. executives were calling the relationship “controversial” and questioned some of the firm’strading practices, according to court records. In the Canary relationship, initiated […]
Company hasn’t yet made venture-capital connection Backed by money from the state, the Invest Nebraska Corp. says it’s planting seeds for future investments.
After its first year in business, a company given $500,000 by the state to find venture capital for Nebraska businesses has yet to procure a single dollar of investment. Invest Nebraska Corp. has counseled businesses looking for investment, has critiqued […]
Proxity Sub On Alert Chosen as a Showcase Entrepreneur Company for the Upcoming 14th Annual Southwest Capital Conference
NEW ORLEANS & TULSA, Okla.–(BUSINESS WIRE)–Sept. 5, 2003–Proxity Digital Networks, Inc. (Pink Sheets:PDNW) announced its Wholly owned subsidiary On Alert Systems, Inc. has been chosen as anOklahoma and regionally based rapid growth entrepreneur company to be showcased to investors on […]
Proxity Sub On Alert Chosen as a Showcase Entrepreneur Company for the Upcoming 14th Annual Southwest Capital Conference
NEW ORLEANS & TULSA, Okla.–(BUSINESS WIRE)–Sept. 5, 2003–Proxity Digital Networks, Inc. (Pink Sheets:PDNW) announced its Wholly owned subsidiary On Alert Systems, Inc. has been chosen as anOklahoma and regionally based rapid growth entrepreneur company to be showcased to investors on […]
Company hasn’t yet made venture-capital connection Backed by money from the state, the Invest Nebraska Corp. says it’s planting seeds for future investments.
After its first year in business, a company given $500,000 by the state to find venture capital for Nebraska businesses has yet to procure a single dollar of investment. Invest Nebraska Corp. has counseled businesses looking for investment, has critiqued […]
Nebraska Investment Company Hasn’t Yet Made Venture-Capital Connection
Sep. 5–After its first year in business, a company given $500,000 by the state to find venture capital for Nebraska businesses has yet to procure a single dollar of investment. Invest Nebraska Corp. has counseled businesses looking for investment, has […]
Vcs Call On Heavy Hitters For Help
A START-UP COMPANY is only as good as the entrepreneur at the helm. No one knows this better than venture capitalists, who are in the business of identifying smart, passionate and competitive business leaders. But finding and holding on to […]